Brokers Issue Forecasts for Ovintiv’s Q1 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Zacks Research reduced their Q1 2026 earnings estimates for shares of Ovintiv in a research note issued on Tuesday, February 3rd. Zacks Research analyst Team now expects that the company will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.84. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.56 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $1.20 EPS, Q3 2027 earnings at $1.19 EPS, Q4 2027 earnings at $1.35 EPS and FY2027 earnings at $4.95 EPS.

Ovintiv (NYSE:OVV) last issued its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

OVV has been the subject of several other reports. Scotiabank lifted their price target on Ovintiv from $51.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. UBS Group reissued a “buy” rating on shares of Ovintiv in a report on Thursday, January 22nd. National Bankshares lifted their price objective on shares of Ovintiv from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $54.00 target price on shares of Ovintiv in a research note on Saturday, January 17th. Finally, Citigroup cut their price target on Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.06.

Ovintiv Stock Performance

NYSE OVV opened at $44.82 on Wednesday. The firm has a market capitalization of $11.35 billion, a P/E ratio of 49.26, a PEG ratio of 2.58 and a beta of 0.78. The stock has a 50-day simple moving average of $40.31 and a two-hundred day simple moving average of $39.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $46.24.

Insiders Place Their Bets

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the transaction, the chief operating officer directly owned 105,867 shares of the company’s stock, valued at $4,269,616.11. This trade represents a 32.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ovintiv

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Ovintiv by 3.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,571,397 shares of the company’s stock worth $364,192,000 after acquiring an additional 312,827 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ovintiv by 25.8% during the third quarter. Dimensional Fund Advisors LP now owns 9,389,865 shares of the company’s stock worth $379,165,000 after purchasing an additional 1,927,193 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Ovintiv by 12.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,888,500 shares of the company’s stock valued at $237,747,000 after purchasing an additional 649,819 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Ovintiv by 263.8% in the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock valued at $199,866,000 after purchasing an additional 3,589,030 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Ovintiv by 143.8% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock valued at $142,278,000 after buying an additional 2,205,233 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: National Bankshares analyst flagged upside for OVV, a bullish note that could support the stock if momentum follows. Ovintiv Stock Price Expected to Rise, National Bankshares Analyst Says
• Positive Sentiment: Stephens initiated coverage at Equal Weight, citing operational strength and attractive valuation — this provides a counterpoint to negative research and may limit downside. Ovintiv started Equal Weight at Stephens
• Neutral Sentiment: Zacks has issued a series of small, mixed estimate tweaks across different quarters (some upward, some downward) over Feb. 2–3 — a sign they are re‑modeling forecasts rather than signaling a single catalytic change. Zacks Research notes
• Negative Sentiment: Zacks Research downgraded OVV from Hold to Strong Sell and lowered several EPS forecasts (examples: Q1 2027 to ~$1.14, Q4 2027 to ~$1.32, FY2027 to ~$4.85). That downgrade and downward revisions are the primary catalyst for today’s selling pressure. Zacks downgrade and estimates

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.